[Analyst: This Bitcoin Rally Driven by Position Resets and Reduced Supply Elasticity] BlockBeats News, March 4, according to Decrypt, Bitcoin's rebound continues, breaking above $71,000 for the first time in three weeks. However, whether its upward momentum can be sustained still depends on the overall liquidity environment and geopolitical risks. Ranveer Arora, co-founder and CEO of Altura, stated: 'ETF fund flows continue to provide structural buying support, but the more direct drivers seem to be position resets, reduced post-halving supply elasticity, and improved liquidity expectations. In the crypto market, once selling pressure is absorbed and positions begin to rotate, leverage and derivative fund flows often accelerate the price discovery process.' Arora believes that Bitcoin's trend remains closely tied to the global liquidity environment. He pointed out that Bitcoin's performance 'resembles less of a traditional defensive asset and more of a high-beta expression of global liquidity conditions.' Alex J., Chief Product Officer of LetsExchange, stated that Bitcoin's rise to $71,000 was 'mainly driven by escalating geopolitical tensions and increased uncertainty.' When asked whether this rally could be sustained, Alex J. said: 'Highly unlikely. But the price is also not expected to drop significantly.' He explained that when the global financial system experiences severe turbulence, significantly affecting liquidity flows between different assets, Bitcoin struggles to compete with conservative assets like gold.